Motilal Oswal has buy call on UltraTech Cement with a target price of Rs 6620. The current market price of is Rs 6358.
UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 183861.71 Crore) operating in Cement sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 12254.12 Crore, up 18.35 % from last quarter Sales of Rs 10354.21 Crore and up 18.35 % from last year same quarter Sales of Rs 10353.80 Crore Company reported net profit after tax of Rs 1584.60 Crore in latest quarter.
Investment Rationale
Given a breakout on daily and weekly frame, set for trade in a new price territory
Promoter/FII Holdings
Promoters held 59.9 per cent stake in the company as of Sept 30, 2020, while FIIs held 15.4 per cent, DIIs 15.5 per cent and public and others 9.3 per cent.
